NetEnt Unveils An Exciting 2022 Roadmap
Published on by kirk
In exciting news, Evolution has recently released hotly-anticipated information via an online presentation about what lies in store for the coming ...
Published on by Ben
The online gambling industry experienced considerable growth during 2020, with some key players reporting record revenue and profit. Among the established figures is Evolution, a top B2B service provider specialising in innovative software and smart infrastructure solutions for live casinos. Evolution, which acquired NetEnt in December of 2020, recently announced a 53.4% increase in its total revenue from 2019. They attributed this growth to a few factors, not the least of which was the NetEnt purchase.
Evolution believes that two main factors caused the record profits – revenue from NetEnt and increased commission from current clients. The company noted that total revenue through the 31st of December (12 working months) was €561.1m, a hefty increase from 2019’s €365.9m total. In addition to the substantial 2020 total revenue numbers, the organisation also reported a 25.5% increase in operating expenses, which ended the year at €261.4m. After accounting for the increased costs, operating profit was €299.7m.
Chief executive Martin Carlesund acknowledged the value that NetEnt brings to the table, saying that:
“Through the acquisition of NetEnt, we add a second vertical to our unrivalled live casino offer and two strong and fantastic new brands to our product portfolio.”
He also notes that the company’s long-term ambitions to take a leading position in the global online casino market are bolstered by the acquisition, expanding its offerings and sharpening its competitive edge.
Evolution, which welcomed an SBC Awards win in Innovation in Casino Entertainment in 2020, is set to ensure that 2021 is even more impressive with their eyes firmly fixed on the development and release of innovative games they hope will “disrupt” the market, according to the company’s chief product officer, Todd Haushalter. He believes that Crazy Time, the title that secured the organisation’s SBC Awards win, was their most innovative, expansive, and complex game yet, and teases the possibility of augmented reality technology in their 2021 offerings.
For his part, Carlesund is optimistic about the future as he shares his hopes for 2021:
“2021 is off to a strong start and I am excited to soon share more news from the group on how we plan to work with operators to take product innovation and player experience to the next level.”
|
Thanks for Subscribing to NetEnt Casino!
Thanks for Subscribing to NetEnt Casino!
We use cookies to offer you a full range of functions when you visit our website, recognise your preferences and make the use of our website more comfortable and convenient.
A cookie is a small file or piece of information saved on your computer or device when you visit the website. We can also use similar technologies (e.g. pixel tags). Such technologies enable us to remember your actions and preferences (such as login, language, amount of time you interact with us, etc) over a period of time.
You can generally view our website without cookies but certain parts of the website may not work properly or navigation may be slower. If you do not want cookies to be stored on your computer or device, you can deactivate the relevant option in your browser’s system settings. You can also delete stored cookies by visiting your browser’s system settings at any time. More information on how to deactivate or delete cookies can be found here: https://www.aboutcookies.org/cookie-faq/. However, please bear in mind that if you do not accept any cookies, this may restrict the functionality of our offerings.
Information on third parties and our most common cookies:
We may display advertisements from third parties and other content that links to third-party websites. If you click on a third-party advertisement or link, please be aware that you are leaving our site and that any data you provide will be processed in accordance with said third party’s respective privacy and cookie policies, which we advise you to consult beforehand.
If you would like to contact us or find out more about how we process your personal data, please consult our Privacy Policy.
Version 2.0 February 2022